360 ONE MSCI India ETF vs Groww ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE MSCI India ETF is an ETF fund and Groww ELSS Tax Saver Fund is an ELSS fund. Their portfolios overlap 69.3%: they hold 79 of the same securities.
Which is better, 360 ONE MSCI India ETF or Groww ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww ELSS Tax Saver fell less in its worst fall since 29-05-2026: −8.8% against −9.9%.
- Groww ELSS Tax Saver is the larger fund: ₹48 Cr against ₹6 Cr.
- Their portfolios overlap 69.3%: 79 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | 360 ONE MSCI India ETF | Groww ELSS Tax Saver Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Groww Mutual Fund |
| Category | ETF | ELSS |
| AUM | ₹6 Cr (30-09-2026) | ₹48 Cr (30-09-2026) |
| NAV | ₹9.56 (Direct) | ₹20.99 (Direct) |
| Expense ratio (Direct) | 0.00% | 1.52% |
| Expense ratio (Regular) | Not available | 2.92% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India TRI | BSE 500 TRI |
| Launch date | 22-05-2026 | 28-12-2017 |
| Minimum investment | On Continuous basis: Directly with Fund- a) Market Makers: Market Makers can directly purchase/redeem in blocks from the fund in “Creation unit size” on any business day. b) Large Investors: Large Investors can directly purchase/redeem in blocks from the | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Viral Mehta, Pranav Mise | Paras Matalia, Nikhil Satam |
| Exit load | Nil | Nil |
360 ONE MSCI India ETF vs Groww ELSS Tax Saver: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| 360 ONE MSCI India ETF (Direct) | +0.25% | −5.95% | -- | -- | -- | -- | -- |
| Groww ELSS Tax Saver Fund (Direct) | +0.77% | −4.29% | −1.55% | −9.41% | +9.02% | +7.69% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
360 ONE MSCI India ETF vs Groww ELSS Tax Saver: Year-wise Returns
| Year | 360 ONE MSCI India ETF360 ONE MSCI India ETF | Groww ELSS Tax SaverGroww ELSS Tax Saver |
|---|---|---|
| 2026to date | -- | −8.58% |
| 2025 | -- | +0.70% |
| 2024 | -- | +20.19% |
| 2023 | -- | +27.49% |
| 2022 | -- | +4.57% |
| 2021 | -- | +23.63% |
360 ONE MSCI India ETF vs Groww ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Groww ELSS Tax Saver Fund
360 ONE MSCI India ETF vs Groww ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 ONE MSCI India ETF (Direct) | Groww ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.33% | +8.71% |
| Standard deviation | 11.22% | 15.45% |
| Sharpe ratio | -1.12 | 0.22 |
| Sortino ratio | -1.49 | 0.29 |
| Maximum drawdown | −9.9% (08-10-2026) | −34.6% (23-03-2020) |
| Beta | -- | 0.90 |
| Alpha | -- | −1.85% |
From daily NAVs, 29-05-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
360 ONE MSCI India ETF (Direct)
Groww ELSS Tax Saver Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 ONE MSCI India ETF (Direct) | −9.9% | 03-08-2026 | 08-10-2026 | Not yet | -- | −7.8% |
| Groww ELSS Tax Saver Fund (Direct) | −8.8% | 03-08-2026 | 23-10-2026 | Not yet | -- | −6.2% |
| BSE 500 TRI | −9.7% | 06-08-2026 | 23-10-2026 | Not yet | -- | −7.8% |
From daily values since 29-05-2026, the first day every fund has.
360 ONE MSCI India ETF vs Groww ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE MSCI India ETF, September 2026; Groww ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 69.3%
- Held by both
- 79
- Only in 360 ONE MSCI India ETF
- 86
- Only in Groww ELSS Tax Saver
- 20
| Security | % of 360 ONE MSCI India ETF | % of Groww ELSS Tax Saver |
|---|---|---|
| HDFC Bank Limited | 6.35% | 6.77% |
| ICICI Bank Limited | 5.51% | 5.98% |
| Reliance Industries Limited | 5.44% | 4.92% |
| Bharti Airtel Limited | 3.71% | 3.52% |
| Infosys Limited | 2.41% | 2.08% |
| Larsen & Toubro Limited | 1.99% | 2.72% |
| Axis Bank Limited | 2.21% | 1.86% |
| Kotak Mahindra Bank Limited | 1.79% | 1.98% |
| Bajaj Finance Limited | 1.90% | 1.78% |
| Mahindra & Mahindra Limited | 2.04% | 1.75% |
| State Bank of India | 1.39% | 2.29% |
| Sun Pharmaceutical Industries Limited | 1.30% | 1.30% |
| Tata Consultancy Services Limited | 1.33% | 1.28% |
| Titan Company Limited | 1.27% | 1.57% |
| Shriram Finance Limited | 1.09% | 1.23% |
| Hindustan Unilever Limited | 1.06% | 0.93% |
| Tata Steel Limited | 1.09% | 0.91% |
| UltraTech Cement Limited | 0.90% | 1.06% |
| NTPC Limited | 1.11% | 0.88% |
| Divi's Laboratories Limited | 0.86% | 0.87% |
| TVS Motor Company Limited | 0.77% | 1.03% |
| Maruti Suzuki India Limited | 1.11% | 0.76% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 1.22% |
| InterGlobe Aviation Limited | 0.74% | 1.03% |
| Asian Paints Limited | 0.73% | 0.68% |
| Hindalco Industries Limited | 0.97% | 0.68% |
| Eicher Motors Limited | 0.76% | 0.67% |
| Grasim Industries Limited | 0.65% | 0.86% |
| Bharat Electronics Limited | 1.07% | 0.63% |
| ITC Limited | 0.62% | 1.36% |
| Tata Motors Ltd | 0.62% | 0.68% |
| Eternal Limited | 0.61% | 1.41% |
| Nestle India Limited | 0.60% | 0.67% |
| JSW Steel Limited | 0.60% | 0.62% |
| Bajaj Auto Limited | 0.55% | 1.23% |
| HCL Technologies Limited | 0.86% | 0.55% |
| Trent Limited | 0.55% | 0.66% |
| Cholamandalam Investment and Finance Company Ltd | 0.54% | 0.53% |
| Coal India Limited | 0.52% | 0.51% |
| One 97 Communications Limited | 0.51% | 1.17% |
| Power Grid Corporation of India Limited | 0.87% | 0.50% |
| Laurus Labs Limited | 0.50% | 1.63% |
| Hero MotoCorp Limited | 0.49% | 0.62% |
| Adani Power Limited | 0.48% | 0.69% |
| BSE Limited | 0.48% | 1.24% |
| The Indian Hotels Company Limited | 0.47% | 0.95% |
| Jio Financial Services Limited | 0.46% | 0.48% |
| The Federal Bank Limited | 0.45% | 0.90% |
| AU Small Finance Bank Limited | 0.44% | 0.73% |
| Bajaj Finserv Limited | 0.52% | 0.43% |
| Persistent Systems Limited | 0.42% | 0.74% |
| GE Vernova T&D India Limited | 0.41% | 0.47% |
| Tata Consumer Products Limited | 0.41% | 0.88% |
| IndusInd Bank Limited | 0.41% | 0.72% |
| Hindustan Aeronautics Limited | 0.62% | 0.40% |
| Adani Enterprises Limited | 0.40% | 0.49% |
| Torrent Pharmaceuticals Limited | 0.39% | 0.58% |
| Indus Towers Limited | 0.37% | 0.45% |
| Apollo Hospitals Enterprise Limited | 0.63% | 0.37% |
| Tech Mahindra Limited | 0.64% | 0.37% |
| Lupin Limited | 0.37% | 0.66% |
| Britannia Industries Limited | 0.41% | 0.37% |
| Bharat Forge Limited | 0.36% | 0.96% |
| Ashok Leyland Limited | 0.34% | 0.79% |
| Aurobindo Pharma Limited | 0.34% | 0.44% |
| Solar Industries India Limited | 0.33% | 0.69% |
| Pidilite Industries Limited | 0.33% | 0.46% |
| Lenskart Solutions Limited | 0.32% | 0.53% |
| Marico Limited | 0.32% | 0.77% |
| Suzlon Energy Limited | 0.32% | 0.41% |
| Multi Commodity Exchange of India Limited | 0.32% | 1.24% |
| FSN E-Commerce Ventures Limited | 0.30% | 1.05% |
| Fortis Healthcare Limited | 0.29% | 0.48% |
| The Phoenix Mills Limited | 0.29% | 0.65% |
| Vedanta Limited | 0.28% | 0.80% |
| Lodha Developers Limited | 0.25% | 0.59% |
| Hitachi Energy India Limited | 0.24% | 0.48% |
| Adani Energy Solutions Limited | 0.20% | 0.44% |
| Oracle Financial Services Software Limited | 0.16% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 69.3% means 69.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in 360 ONE MSCI India ETF
| Security | % of fund |
|---|---|
| SBI Life Insurance Company Limited | 0.60% |
| Samvardhana Motherson International Limited | 0.54% |
| Cipla Limited | 0.54% |
| Max Healthcare Institute Limited | 0.52% |
| Cummins India Limited | 0.50% |
Largest holdings only in Groww ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Navin Fluorine International Limited | 0.88% |
| Acutaas Chemicals Limited | 0.61% |
| Coforge Limited | 0.61% |
| Dr. Lal Path Labs Ltd. | 0.55% |
| Radico Khaitan Limited | 0.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE MSCI India ETF | Groww ELSS Tax Saver |
|---|---|---|
| Equity | 96.9% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.1% | 1.4% |
Market cap of stocks
| Market cap | 360 ONE MSCI India ETF | Groww ELSS Tax Saver |
|---|---|---|
| Large Cap | 78.3% | 73.0% |
| Mid Cap | 18.6% | 18.6% |
| Small Cap | 0.0% | 7.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | 360 ONE MSCI India ETF | Groww ELSS Tax Saver |
|---|---|---|
| Banks | 20.0% | 21.2% |
| Pharmaceuticals & Biotechnology | 5.3% | 7.1% |
| IT - Software | 6.5% | 6.1% |
| Petroleum Products | 6.4% | 4.9% |
| Finance | 6.2% | 5.0% |
| Automobiles | 6.1% | 6.1% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE MSCI India ETF vs Groww ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE MSCI India ETF | Groww ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.00% | 1.52% |
| Base expense ratio (Direct) | 0.00% | 0.83% |
| Total expense ratio (Regular) | Not available | 2.92% |
| Base expense ratio (Regular) | 0.39% | 2.08% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
360 ONE MSCI India ETF vs Groww ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between 360 ONE MSCI India ETF and Groww ELSS Tax Saver Fund?
360 ONE MSCI India ETF is an ETF fund, Groww ELSS Tax Saver Fund is an ELSS fund, run by 360 ONE Mutual Fund and Groww Mutual Fund. Their portfolios overlap 69.3%.
How much do 360 ONE MSCI India ETF and Groww ELSS Tax Saver Fund overlap?
69.3%. They hold 79 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE MSCI India ETF or Groww ELSS Tax Saver Fund?
On SEBI's riskometer, 360 ONE MSCI India ETF is rated Very High and Groww ELSS Tax Saver Fund Very High. Over their common history, the standard deviation of daily returns was 11.22% and 15.45% a year.
Can I invest in both 360 ONE MSCI India ETF and Groww ELSS Tax Saver Fund?
Yes. 69.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages 360 ONE MSCI India ETF and Groww ELSS Tax Saver Fund?
360 ONE MSCI India ETF: Viral Mehta, Pranav Mise. Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.